Intech Investment Management LLC Makes New Investment in Terreno Realty Co. (NYSE:TRNO)

Intech Investment Management LLC acquired a new stake in Terreno Realty Co. (NYSE:TRNO - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 20,907 shares of the real estate investment trust's stock, valued at approximately $1,397,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TRNO. V Square Quantitative Management LLC acquired a new stake in shares of Terreno Realty during the third quarter worth $26,000. Assetmark Inc. lifted its holdings in shares of Terreno Realty by 2,381.3% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 381 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Terreno Realty in the second quarter valued at $48,000. International Assets Investment Management LLC lifted its position in Terreno Realty by 6,580.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust's stock valued at $67,000 after acquiring an additional 987 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Terreno Realty by 58.2% during the second quarter. CWM LLC now owns 1,191 shares of the real estate investment trust's stock valued at $70,000 after buying an additional 438 shares during the last quarter.

Wall Street Analyst Weigh In

TRNO has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price objective on shares of Terreno Realty from $60.00 to $68.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. Wells Fargo & Company lowered shares of Terreno Realty from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $71.00 to $75.00 in a research note on Wednesday, August 28th. Barclays cut their target price on Terreno Realty from $69.00 to $68.00 and set an "overweight" rating on the stock in a research note on Monday, October 28th. JMP Securities boosted their price objective on Terreno Realty from $65.00 to $72.00 and gave the stock a "market outperform" rating in a research report on Tuesday, August 13th. Finally, Wedbush reaffirmed a "neutral" rating and set a $70.00 target price (up from $57.00) on shares of Terreno Realty in a research report on Friday, August 16th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $69.22.

Terreno Realty Trading Down 1.0 %

Shares of TRNO opened at $60.45 on Wednesday. The firm has a market cap of $6.03 billion, a P/E ratio of 33.21, a price-to-earnings-growth ratio of 2.81 and a beta of 0.90. Terreno Realty Co. has a fifty-two week low of $53.78 and a fifty-two week high of $71.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 2.71. The business has a 50-day moving average of $63.38 and a 200 day moving average of $63.31.

Terreno Realty (NYSE:TRNO - Get Free Report) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.24). Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. The business had revenue of $99.64 million during the quarter, compared to analysts' expectations of $96.31 million. As a group, research analysts forecast that Terreno Realty Co. will post 2.41 EPS for the current year.

Terreno Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Friday, December 13th. Terreno Realty's payout ratio is currently 107.69%.

Terreno Realty Profile

Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, DC All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited.